May 15, 2015 / 1:16 PM / 3 years ago

BRIEF-NunaMinerals withdraws bankruptcy petition

May 15 (Reuters) - NunaMinerals A/S :

* Withdraws bankruptcy petition and seek creditor protection by a suspension of payment scheme

* Discussions between company and Greenland Mining Management Ltd (GMM) regarding a restructuring of NunaMinerals are progressing based on a revised proposal from GMM

* Aim is to allow time for GMM to finalise negotiations with NunaMinerals and some of major creditors and shareholders

* No assurance can be given that a restructuring agreement will be entered into between NunaMinerals and GMM on terms, which are acceptable to government of Greenland or Greenland Holding A/S

* No assurance can be given that if agreement is entered into, that such agreement can be approved by NunaMinerals’ shareholders or that such agreement will become final and implemented

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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